turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

COVID withdrawal not giving option to spread over three years

The program says that I have a qualified COVID withdrawal, but on the screen where I would like to spread the income over three years, it says the amount of my withdrawal is $0 (see attached image). Does anyone know how to fix this?image.png

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW777
Expert Alumni

COVID withdrawal not giving option to spread over three years

Please review the steps below and TurboTax should remove the penalty that is allowed under COVID. The Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID-related early distributions, is in today's release so you may need to give it a little time. 

 

It's always a good idea to clear any cache and cookies, as well as any browsing history, to eliminate any pieces of memory in the background that could cause issues unknown.

 

Steps to review in your tax return for this entry:

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R
  3. Click on “Jump to 1099-R” you should see the “Your 1099-R Entries” screen and will click "edit"
  4. Continue until "Tell us if any of these uncommon situations apply" screen
  5. Select "I took out this money because of a qualified disaster (includes COVID-19)"
  6. Answer the any question.

For more information about this form use this link: Qualified 2020 Retirement Distributions due to COVID

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question